Bitcoin Hits a New ATH Above $97K, Nearing the $100K Target
Earlier, Bitcoin hit a new ATH above $97,000, fueled by huge optimism in the crypto industry stemming from Trump’s crypto policies and increasing interest in the digital asset and related products, including BTC ETFs, and the newly launched BTC ETF options.
At the moment of writing this article, BTC is trading above $97,032, up by 4% in the last 24 hours.
The institutional interest in Bitcoin and related products continues to rise, as BTC ETFs recorded a continued streak of inflows this week.
Yesterday, the crypto products saw over $773 million in inflows, pushing the week’s flows close to $2 billion, according to data from SoSoValue.
The total net assets locked in the crypto products as of November 20 surpassed $100 billion, and the cumulative flows in BTC ETFs are over $29 billion, the same data shows.
